Finneys Pram Ltd


Director	Alan Finney


Registered Address	10a John Mitchel Place
	Newry
	BT34 2BP


Registered Number	NI684338 (Northern Ireland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		129,543		148,049
Tangible assets	4		5,061		143
			134,604		148,192
Current assets
Stocks		181,186		168,182
Debtors		76,400		110,820
Cash at bank and on hand		81,285		70,763
		338,871		349,765
Creditors amounts falling due within one year		(34,250)		(33,961)
Net current assets (liabilities)			304,621		315,804
Total assets less current liabilities			439,225		463,996
Creditors amounts falling due after one year			(40,000)		(40,000)
Net assets			399,225		423,996
Capital and reserves
Called up share capital			100		100
Share premium			356,186		356,186
Profit and loss account			42,939		67,710
Shareholders' funds			399,225		423,996

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 14 October 2025, and are signed on its behalf by:

Alan Finney
Director
Registered Company No. NI684338

Finneys Pram Ltd

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill - 10% Straight Line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25
	Office Equipment	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	185,061
	At 31 March 25	185,061
	Amortisation and impairment
	At 01 April 24	37,012
	Charge for year	18,506
	At 31 March 25	55,518
	Net book value
	At 31 March 25	129,543
	At 31 March 24	148,049

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	254
	Additions	5,403
	At 31 March 25	5,657
	Depreciation and impairment
	At 01 April 24	111
	Charge for year	485
	At 31 March 25	597
	Net book value
	At 31 March 25	5,061
	At 31 March 24	143